Brikseka.
Hagia Sophia, Istanbul — Turkey

Company Formation · Middle East & Caucasus

Turkey

We form companies in Turkey. The usual vehicle is a limited şirket (Ltd. Şti.). Foreign ownership is permitted. Native Stripe is not available on a Turkish company. We also advise on local payment processors and banking.

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Entity
Limited şirket (Ltd. Şti.)
Visit
A visit may be required for identification or banking
Timeframe
Typically 1–3 weeks
Typical cost
Formation fees plus tax-office registration

Country overview

About Turkey

Turkey is a republic spanning south-eastern Europe and western Asia. Ankara is the capital; Istanbul is the largest city and the commercial centre. About 85 million people live here. It borders Greece, Bulgaria, Georgia, Armenia, Iran, Iraq and Syria, with coasts on the Mediterranean, Aegean and Black Sea. Turkish is the official language. The currency is the lira (TRY).

Turkey is not a member of the European Union. It has a customs union with the EU for industrial goods and is a large domestic market in its own right. Istanbul is one of the principal commercial cities between Europe, the Caucasus and the Middle East. English is used in business in the larger cities. The legal system is civil law.

Brikseka forms Turkish companies. The usual vehicle is a limited şirket (Ltd. Şti.). One hundred percent foreign ownership is possible. A visit is sometimes required, particularly for tax-office registration, identification, or banking. No local director is required for a standard Ltd. Şti. Formation typically takes one to three weeks once the file is complete.

We then advise on a business bank account and on local payment processors such as iyzico and PayTR. Native Stripe is not available as a merchant account on a Turkish company. Turkish banks often require a tax number and presence in Turkey. Approvals are decided by the providers. If your aim is to live in Turkey, company formation is not a residence permit — that is a separate immigration file, which we also advise on.

  • Company formation

    We form a Ltd. Şti. One hundred percent foreign ownership is possible. A visit is sometimes required.

  • Not in the EU

    Turkey is not an EU member. Ankara is the capital; Istanbul is the commercial centre. The currency is the lira.

  • Payments

    Native Stripe is not available. Local processors such as iyzico and PayTR are used for cards in Turkey.

  • Tax setting

    Corporate income tax is published at 25 percent, with 30 percent for the financial sector. We confirm the live position before you proceed.

How we work

From briefing to a registered company

  1. Briefing

    We review your business, the right entity for this country, costs, and whether a visit is likely.

  2. Company formation

    Local counsel, notary where required, and the commercial register. We coordinate the documents through to a registered company.

  3. Banking and payments

    After the company exists, we prepare applications for a business account and payment gateways.

  4. After incorporation

    Statutory records, a named contact, and introductions to accounting so the company can operate.

After the company exists

Payment gateways

  • Stripe is not available as a native merchant account for Turkish companies
  • iyzico / PayTR for local cards
  • Payoneer receiving account, subject to Payoneer’s approval
  • Merchant of record: Paddle, Lemon Squeezy, Polar

Operating stack

Business banking

  • Turkish banks often require a tax number and presence in Turkey

Provider lists are indicative. We confirm current availability, government fees, and account-opening requirements during consultation.

Business Tools covers payment gateways, business accounts, email, websites, and related tools after the company exists.

Other countries

We also form companies in

Consultation

Start a confidential conversation

Tell us what you are building or where you need to move. We respond within one business day.

Confidential. We respond within one business day.